Thursday, November 30, 2006

Keynes vs Friedman, not

From one perspective, Friedman was the star pupil of, successor to, and completer of Keynes’s work.

A very good point. People are often surprised when I say that I am both a Keynesian and a Friedmanite, because they view Friedman as the anti-Keynes. But that perspective is far too simplistic. In my view, unless you have learned a lot of economics from both of these great thinkers, you haven't learned enough. Brad does a nice job of explaining why.

About Me

I am a professor and chairman of the economics department at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.